quote:'For the modern economist this is very difficult to understand. He is used to measuring the 'standard of living' by the amount of annual consumption, assuming all the time that a man who consumes more is 'better off' than a man who consumes less. A Buddhist economist would consider this approach excessively irrational: since consumption is merely a means to human well-being, the aim should be to obtain the maximum of well-being with the minimum of consumption.'

Charles says:'One thing is for sure I'm sick to death of the word growth being used as if it's a sign of success.'

Marketing and economics are subject the law of impermanence - ie they pass through the following stages: birth, growth, maturity and death - just as humans are.

If we agree that innovation is often the outcome of 'conflicts' - the bigger the conflict ergo the bigger the innovation.

Like the fella once said 'if you don't like change you'll like irrelevence even less'

No-one's gonna argue we're not in the midst of a pretty major conflict at the moment so I'm looking forward to what's round the corner...

quote:'For the modern economist this is very difficult to understand. He is used to measuring the 'standard of living' by the amount of annual consumption, assuming all the time that a man who consumes more is 'better off' than a man who consumes less. A Buddhist economist would consider this approach excessively irrational: since consumption is merely a means to human well-being, the aim should be to obtain the maximum of well-being with the minimum of consumption.'

Charles says:'One thing is for sure I'm sick to death of the word growth being used as if it's a sign of success.'

Marketing and economics are subject the law of impermanence - ie they pass through the following stages: birth, growth, maturity and death - just as humans are.

If we agree that innovation is often the outcome of 'conflicts' - the bigger the conflict ergo the bigger the innovation.

Like the fella once said 'if you don't like change you'll like irrelevence even less'

No-one's gonna argue we're not in the midst of a pretty major conflict at the moment so I'm looking forward to what's round the corner...